Should a new bird dog specialize in one lead type or bring investors whatever turns up
I've been drafting a service agreement for a lead-finding arrangement and I got stuck on the scope clause, which forced me to answer a question I hadn't actually answered. What am I selling?
Option one is a narrow lane. Pick one source, say probate filings or code violation lists or a single class of tired rental, and get good enough at that one channel that an investor knows exactly what arrives when my name shows up. The argument for it is that the scope clause writes itself, the investor can say yes or no in a sentence, and I only have to learn one county process instead of six. Recording and filing practice varies by state, and roughly a dozen states don't publish sale prices at all, so learning one channel deeply seems cheaper than learning five shallowly.
Option two is to stay open. Drive, talk to people, watch whatever comes across, and send anything that looks promising to whichever investor buys that shape. The argument for that one is that I don't yet know which channel produces anything, and picking a lane before I have data means I might spend six months mastering the worst source available to me. Investors buy across a wide range, and being the person who happens to know about the odd thing has value that a narrow list doesn't.
I can see both. The narrow version is easier to sell and easier to document. The wide version is how you find out what you're actually good at. Which one would you start from with zero closed deals behind you.
Starting a bird dog service with no track record, which scope do you build first
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